Market Commentaries

Ammonia import prices could rise in February if natural gas prices remain on an upward trend. TTF contracts for March were up 4.3% on the day on Friday, and closed at $16.40/mmBtu....

Ammonia traders have been assessing the impact of the European Commission's proposed tariff hikes on Russian and Belarusian fertiliser imports, which were announced this week...

Ammonia trade in East Asia was quiet on Wednesday, with many businesses closed for the Lunar New Year...

Natural gas prices in west Europe continue to support ammonia import prices in Northwest Europe..

Ammonia price trends continue to trend lower, with steady spot availability reported for February...

Ammonia prices were unchanged on Friday, with no spot deals confirmed. Despite a dip in month-ahead TTF natural gas contracts earlier in the day, prices were 1.5% higher...

Ammonia prices were broadly unchanged on Thursday, following downward corrections across all markets in the early part of the week. Traders said there is no shortage of prompt supply around...

Ammonia demand from the chemical industry is reported to be slow, particularly from the caprolactam sector. In the US, prospects for the new blue ammonia projects planned to start up in Texas and Donaldsonville in 2026 still look positive..

Ammonia prices at most major import hubs corrected down on Tuesday, following the $38/mt drop in the US Tampa price for February....

Ammonia prices were stable on Monday. Natural gas prices in west Europe remain high, with TTF month-ahead prices up over 1.8% on the day on Monday. But gas prices could see some easing this week...

Ammonia prices were unchanged on Friday, following downward corrections in North Africa and NW European pricing on Thursday...

Ammonia was again supported by high natural gas prices, along with firm urea and nitrate fertiliser values in Europe, although reports emerged...

Lower established ammonia prices out of the Americas — which remains the main supply source for west European buyers — appear to be pressurising prices at other supply hubs...

Ammonia prices were unchanged on Tuesday, as February TTF natural gas prices eased nearly 2% from Monday...

Projected ammonia production costs in Northwest Europe jumped on Monday, as month-ahead TTF natural gas prices spiked over 7% on the day...

Ammonia prices were stable on Friday on steady import demand from west Europe, where production costs for ammonia remain above $500/mt, based on current TTF natural gas prices...

Ammonia spot trade was muted this week, with some businesses closed for the Orthodox Christmas holiday. Some spot sales were rumoured to have been done in west Europe...

Higher natural gas prices in NW Europe, along with indications of firm nitrate fertiliser pricing for the European Spring season, are giving some support to NW Europe CFR prices, and spot prices here moved up...

Ammonia prices were stable on Tuesday with no new spot business reported. Latest trade data out of the Americas region showed Brazil's ammonia imports climbing for FY 2024...

The drop in the Tampa ammonia contract for January, which pushed down Caribbean FOB prices below the $500/mt level, has opened up attractive arbitrage opportunities for traders shipping ammonia from the Americas to NW Europe...